Ann: Government financing to support Pilgangoora expansion, page-7

'$250M AUSTRALIAN GOVERNMENT FINANCINGTO SUPPORT EXPANSION AT PILGANGOORALONG TERM DEBT FACILITY FROM AUSTRALIAN GOVERNMENT SUPPORTS P680PROJECT EXPANSION, PROVIDING FLEXIBILTY TO PURSUE FURTHER GROWTH ANDDIVERSIFICATION OPPORTUNITIES

KEY POINTS
• A$250M long-term debt facility to be provided by the Australian Government through:- Export Finance Australia (EFA) - approval for the equivalent of A$125M tobe advanced in US$.- Northern Australia Infrastructure Facility (NAIF) - Investment Decision to provide A$125M.

• Funding earmarked to support construction of P680 Project expansion at the Pilgangoora Operation.

• Australian Government funding support provides strong validation of the importance of the Pilgangoora Operation and Pilbara Minerals’ business to Australia’s critical minerals supply.

• Facility is subject to completion of approved finance documents, as well as satisfaction of conditions precedent to draw down, while the NAIF Facility is also subject to final approval from the Western Australian Government.'